Friday, August 5, 2011

Economy Report: August 5, 2011 - Paul Buzby

Stocks turn lower as optimism about jobs fades
Watch what the Federal Reserve does on 08/09/11. If they raise the Fed Interest rate the economy will start improving.

Fannie Mae loss widens; asking taxpayers for $2.8B
More government spending.

Unemployment rate dips, economy adds 117K jobs
Government needs to get out of the way.

Italy increasing worry as euro crisis rages on
Europe in serious trouble.

Oil rises as investors weigh hiring, slow economy
Oil will drop as we get closer to the end of summer.

No comments:

Post a Comment